AA Ireland’s fuel price analysis shows that both petrol and diesel prices decreased in July compared to June.
Diesel prices fell to an average of €1.73 a litre in July, down 15 cents from June’s average of €1.88 a litre.
Petrol prices also decreased, falling to an average of €1.75 a litre, down nine cents from June’s average of €1.84 a litre.
AA Ireland noted that EV charging tariffs also saw changes in July.
Electric Ireland introduced new residential electricity prices, including changes to its Night Boost tariff, while ESB ecars restructured its public charging network pricing into two speed tiers: up to 50kW (AC) and above 50kW (DC fast/high-power).
Pay-as-you-go customers on the faster tier saw increases of six to eight cent per kWh from 1 July, which is around €3.24 to €4.31 extra per charge, based on a 77kWh ID.4 charging from 10% to 80%.
An AA Ireland spokesperson said that motorists will welcome the reduction in both petrol and diesel prices this month, particularly following several months of higher fuel costs.
“While the decrease is encouraging, fuel prices remain influenced by international market conditions and can change quickly,” it cautioned.
AA Ireland said that fuel prices continue to be influenced by international oil supply, geopolitical uncertainty and fluctuations in currency markets. While fuel prices eased during July, volatility remains a feature of global energy markets and could impact prices in the coming weeks, it added.